Jump to Main ContentJump to Primary Navigation
Top

Revealed: the cheapest and most expensive places to live in London

iStock_87329893_MEDIUM.jpg

Any millennial worth their salt will live through their fair share of renting, and can recite tales of filthy housemates and mysteriously missing food at the drop of a hat. 

However, renting is no longer the preserve of this financially-poor generation, with the number of renters in London now overtaking the number of homeowners for the first time.

Brilliantly, the capital is also the most expensive location for renters in the UK, with average monthly rentals of £741 (compared to £444 in the rest of the UK), according to spareroom.co.uk. However, prices vary depending on location, and the latest London Rental Index figures from SpareRoom have revealed the cheapest and most expensive parts of London in which to rent.

So where does your rental rank in London prices?

The heat map below, showing average prices for a double room inclusive of bills, proves that central London is unsurprisingly pricier than the outskirts:

london heat map

The cheapest rents in the city can be found by heading east, where Abbey Wood and Lower Edmonton have the lowest monthly rentals, at £516 and £529 respectively. In contrast, the most expensive postcode in London is EC, with average rents of £916.

The price of renting in south-west London has hiked more than in any other area over the last year, with a 4% increase in costs. This is most obvious in Clapham, where average monthly rentals have spiked by 13% to a whopping £845 per month.

You can see below for the average rental prices according to postcode – house move optional...

E: £720

EC: £916

N: £738

NW: £757

SE: £692

SW: £769

W: £803

WC: £880

Related

toutequal-pay.gif

The feminist powerhouses backing Stylist's #EqualPayDay initiative

rexfeatures_5724592bi.jpg

“Heels aren’t anti-feminist”: Jimmy Choo founder speaks out

spt2.jpg

The red carpet label making cool budget bridal gowns

Comments

More

Everything you need to know about growing your own vegetables

(Even if you don't have loads of space)

by Sarah Biddlecombe
21 Feb 2017

Calling all vino fans: are you ready for red wine ice cream?

Ice cream and red wine, together at last…

by Kayleigh Dray
21 Feb 2017

Letters penned 100 years apart show unchanging attitude to abortion

"I'm in the family way again, and I'm nearly crazy..."

by Sarah Biddlecombe
21 Feb 2017

Woman opens up about having her grandmother as her bridesmaid

“She’s my best friend”

by Kayleigh Dray
21 Feb 2017

Artist captures how mental illness feels with sketches of houses

“It belongs to our lives and we must not stigmatise it”

by Sarah Biddlecombe
21 Feb 2017

Pair cheese and wine like a pro with this incredible interactive map

Winchester Aged Gouda with a glass of Amarone della Valpolicella, anyone?

by Moya Crockett
21 Feb 2017

Elderly woman finds £5 note worth £50k, donates it to “young people”

She’s the hero we need right now, if not the one we deserve.

by Moya Crockett
21 Feb 2017

Watch Emma Watson sing ‘Belle’ in new Beauty and the Beast clip

“There goes the baker with his tray, like always…”

by Kayleigh Dray
21 Feb 2017

The worst date I’ve ever witnessed: waiters share their stories

From the toe-curlingly awkward to the jaw-on-floor shocking.

by Moya Crockett
20 Feb 2017

Men open up about “the one that got away” in thought-provoking video

But not all is as it seems…

by Kayleigh Dray
20 Feb 2017